PERMIGANAU: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
PERMIGANAU
Largest movements
- Receivables within one year +€38,341
up €38,341 (+107%), from €35,916 to €74,257
of which Trade receivables: +€38,861
- Cash -€22,605
down €22,605 (-57.9%), from €39,069 to €16,465
mainly Receivables within one year (-€38,341) and Accrued charges and deferred income (-€18,987)
- Deferred charges and accrued income -€13,133
down €13,133 (-50.8%), from €25,863 to €12,730
- Tangible fixed assets -€3,701
down €3,701 (-11.4%), from €32,521 to €28,819
of which Plant, machinery and equipment: -€2,713
- Financial fixed assets +€3,590
up €3,590 (+395%), from €910 to €4,500
- Trade debts +€24,283
up €24,283 (+30.6%), from €79,359 to €103,642
- Accrued charges and deferred income -€18,987
no longer reported in 2025 (was €18,987)
- Tax, wage and social debts +€13,222
up €13,222 (+440%), from €3,003 to €16,225
of which Remuneration and social security: +€12,268
- Debts after one year -€11,230
down €11,230 (-52.0%), from €21,601 to €10,371
- Current portion of long-term debt -€3,730
down €3,730 (-30.6%), from €12,177 to €8,447
- Gross operating margin +€63,370
up €63,370 (+131%), from €48,488 to €111,858
- Staff costs +€36,031
up €36,031 (+56.5%), from €63,732 to €99,763
- Other operating charges +€3,826
up €3,826 (+322%), from €1,190 to €5,016
- Depreciation -€2,836
down €2,836 (-26.0%), from €10,888 to €8,052
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €144,452 | €144,620 | +€168 | +0.1% |
| Fixed assets | 21/28 | €35,851 | €36,104 | +€253 | +0.7% |
| Intangible fixed assets | 21 | €2,421 | €2,785 | +€364 | +15.0% |
| Tangible fixed assets | 22/27 | €32,521 | €28,819 | -€3,701 | -11.4% |
| Plant, machinery and equipment | 23 | €19,483 | €16,770 | -€2,713 | -13.9% |
| Furniture and vehicles | 24 | €13,037 | €12,049 | -€988 | -7.6% |
| Financial fixed assets | 28 | €910 | €4,500 | +€3,590 | +395% |
| Current assets | 29/58 | €108,600 | €108,516 | -€85 | -0.1% |
| Stocks and contracts in progress | 3 | €7,752 | €5,064 | -€2,688 | -34.7% |
| Stocks | 30/36 | €7,752 | €5,064 | -€2,688 | -34.7% |
| Amounts receivable within one year | 40/41 | €35,916 | €74,257 | +€38,341 | +107% |
| Trade receivables | 40 | €26,390 | €65,251 | +€38,861 | +147% |
| Other amounts receivable | 41 | €9,526 | €9,006 | -€520 | -5.5% |
| Cash at bank and in hand | 54/58 | €39,069 | €16,465 | -€22,605 | -57.9% |
| Deferred charges and accrued income | 490/1 | €25,863 | €12,730 | -€13,133 | -50.8% |
| Total equity and liabilities | 10/49 | €144,452 | €144,620 | +€168 | +0.1% |
| Equity | 10/15 | €4,867 | €1,898 | -€2,969 | -61.0% |
| Contributions | 10/11 | €20,500 | €20,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,633 | -€18,602 | -€2,969 | -19.0% |
| Amounts payable | 17/49 | €139,585 | €142,722 | +€3,137 | +2.2% |
| Amounts payable after more than one year | 17 | €21,601 | €10,371 | -€11,230 | -52.0% |
| Financial debts | 170/4 | €21,601 | €10,371 | -€11,230 | -52.0% |
| Amounts payable within one year | 42/48 | €98,997 | €132,351 | +€33,354 | +33.7% |
| Current portion of amounts payable after more than one year | 42 | €12,177 | €8,447 | -€3,730 | -30.6% |
| Trade debts | 44 | €79,359 | €103,642 | +€24,283 | +30.6% |
| Suppliers | 440/4 | €79,359 | €103,642 | +€24,283 | +30.6% |
| Taxes, remuneration and social security | 45 | €3,003 | €16,225 | +€13,222 | +440% |
| Taxes | 450/3 | €851 | €1,806 | +€954 | +112% |
| Remuneration and social security | 454/9 | €2,151 | €14,419 | +€12,268 | +570% |
| Other amounts payable | 47/48 | €4,458 | €4,037 | -€421 | -9.5% |
| Accrued charges and deferred income | 492/3 | €18,987 | - | -€18,987 | |
| Remuneration, social security and pensions | 62 | €63,732 | €99,763 | +€36,031 | +56.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,888 | €8,052 | -€2,836 | -26.0% |
| Other operating charges | 640/8 | €1,190 | €5,016 | +€3,826 | +322% |
| Gross operating margin | 9900 | €48,488 | €111,858 | +€63,370 | +131% |
| Operating profit (loss) | 9901 | -€27,322 | -€974 | +€26,348 | +96.4% |
| Financial income | 75/76B | €8 | €113 | +€105 | +1,293% |
| Recurring financial income | 75 | €8 | €113 | +€105 | +1,293% |
| Financial charges | 65/66B | €1,540 | €1,574 | +€34 | +2.2% |
| Recurring financial charges | 65 | €1,540 | €1,574 | +€34 | +2.2% |
| Profit (loss) for the period before taxes | 9903 | -€28,853 | -€2,435 | +€26,418 | +91.6% |
| Income taxes | 67/77 | €272 | €534 | +€262 | +96.6% |
| Profit (loss) for the period | 9904 | -€29,125 | -€2,969 | +€26,156 | +89.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€29,125 | -€2,969 | +€26,156 | +89.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.